Housing Recovery Expected to Press on Despite Recent Volatility in Consumer Attitudes

From RealTrends.com: Fannie Mae issued the following corporate news release: Americans’ outlook on housing and the economy has fluctuated somewhat during the past few months, but the trend for most indicators remains positive overall, according to Fannie Mae’s February 2014 National Housing Survey results. Notably, respondents’ home price expectations climbed significantly in February – with 50 percent saying home prices will go up in the next year – following a measurable downturn in January, while the share of those who believe it is a good time to buy a home ticked up by 3 percentage points. At the same time, those who believe that it would be easy to get a mortgage dropped 7 percentage points from January’s all-time survey high of 52 percent. Additionally, the share of respondents who say the economy is on the wrong track increased 3 percentage points to 57 percent in February, following a four-month decline. Despite a decrease in optimism across some of the indicators last month, consumer attitudes remain in generally positive ranges. Read more: Federal National Mortgage Assctn Fnni Me : Housing Recovery Expected to Press on Despite Recent Volatility in Consumer Attitudes | 4-Traders.